News In Brief

September 26, 1984

Washington$
— Former aviation agency head charged with bond-sale fraud

The Securities and Exchange Commission has charged J. Lynn Helms, former head of the Federal Aviation Administration, with fraud in the sale of $2 million worth of government bonds. Mr. Helms, who resigned as FAA administrator in January after published reports linked him to questionable business dealings, signed a consent agreement that neither admits nor denies the allegations against him. The consent agreement ends the SEC's case against Helms.